This year marks the 90th anniversary of ‘votes for women’. Society has come a long way during this time in terms of women’s rights, however financial inequality is still one of our greatest social challenges. Research suggests the typical pension pot for a man currently aged between 25 and 34 will eventually be worth £142,836 at the State Pension age of 68. This is compared to £126,784 for women. It means that the pension pot for the average woman could still be as much 10% smaller than for her male counterpart.
The financial power of women
This 566 word blog post looks at some of the findings of the Fidelity International report ‘The Financial Power of Women’ and suggests women save a little bit more towards retirement from very early in their careers, to overcome existing financial challenges. Written on 12th July 2018.